Ruian Gene announced that previously, the actual controller, chairman and general manager, core technical staff Ms. Xiong Hui, and the actual controller, director and deputy general manager Mr. Xiong Jun were subjected to compulsory measures of criminal detention by the public security organs due to suspected fraud. Recently, the company received a notification from the family of the above-mentioned individuals that Ms. Xiong Hui and Mr. Xiong Jun have been formally arrested for fraud and handed over to the procuratorial organs, and relevant matters are still under further investigation. Recently, Mr. Xiong Jun applied to resign from the positions of director and deputy general manager for personal reasons, and will no longer hold any position in the company after his resignation.